Griffon Corporation closed the sale of its AMES Australasia business to a joint venture on July 31, 2026. Griffon received AUD $258 million (USD $181 million) in cash and issued an AUD 69.3 million (USD $48.6 million) paid-in-kind note receivable maturing in six years with 10% interest. Griffon retains a 49% equity interest, while the remaining 51% is held by an investment group led by Simon Hupfeld. Concurrently, Griffon repaid the remaining $285 million balance of its Term Loan B using proceeds from the transaction and revolver borrowings. The filing includes unaudited pro forma financial statements reflecting the disposition of AMES Australasia alongside prior dispositions of AMES North America and the wind-down of AMES U.K. Griffon Corporation is a leading provider of residential and commercial building products, including garage doors and ceiling fans.
